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have an opportunity that our voice is heard. their 150 members of congress. that is more than one-third of the body. traditionally, folks have come to washington and waited there time and tried to do something 10 years later. we've got a group of people in the class is combined to want to make sure their voices is a part of the process. >> the current freshman class has given speaker boehner -- how do you see your freshman class in along with the speaker -- getting along with the sp eaker? >> i do not know him well. i believe that our freshman class is a diverse group of folks. we of the more than a dozen business owners. -- have got more than a dozen business owners. we have dozens of folks who have been involved in local and state governments. they're coming to washington to get things done. speaker boehner has a very hard job. when president obama makes a decision for the executive branch of government, it is the agenda for that branch of government. speaker boehner cannot really do anything more than the votes he can obtain for any part of that agenda. i have heard very little
committee will pursue tax recovery of the tax reform in the next congress. -- will pursue tax reform in the next congress. i urge my colleagues to support this bill and get us one step closer to tax reform. i reserve my time. >> the gentleman's time is referred -- reserved. >> this is a bipartisan bill, and i will try to keep it within that spirit to the extent possible. as we are here today on january 1, hours away from people, americans returning to work, market reopening around the world, and all eyes focusing on whether this institution can govern. this legislation allows us to get done what we need to get done. this bill is vital for our nation's economic well-being. i want to emphasize for its standing as the world's most important economy. it is vital for 140 million middle class families whose tax cuts are made permanent. it is vital for 2 million unemployed american workers who need a continuation of insurance while they continue to look for work. it is vital for 30 million middle income americans who otherwise would have been hit by the alternative minimum tax. it is vital
till the very end but congress did manage to approve legislation to avert this fiscal cliff, even though for most of the night it looked like it might not happen. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> that was the president late last night. then he got on oo plane, headed back to hawaii where his family is on vacation. threw see air force i. it touched down just moments ago. >> the ayes have it. >> it was after 11 p.m. when the house finally voted, putting an end to 24 hours of wrangling. republicans threatened to send it back with an amendment, including spend being cuts. but in the end the politics of that didn't make sense. so the bill passed, 257 for, 85 republicans, 172 democrats. speaker john boehner was one of those yes votes and he released this statement: now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 t
. if we're going to accomplish this, we must work together. republicans and democrats, congress and the white house. the federal government and the states. the public sector and the private sector. mr. speaker, some might say that saying those things is a cliche. but as we all know, members are going to have to engage with and rigorous debate, and there it is going to be the clash of ideas, a rigorous debate, but it needs to be done with good faith and the spirit of compromise. i realize and some argue that compromise is a sign of weakness. in fact, one of the great strengths, mr. speaker, of our nation's founders, was their ability to compromise. the very structure of this institution, the united states congress, the very structure of our institution, which joined the people's house, where we are all privileged to serve, with the united states senate, was known as what? the connecticut compromise, or the great compromise. that is the very basis of our founders. too often we forget that while we should never, we should never compromise our principles, we must always, mr. speaker
but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. and so, part of the reason that i wanted to speak all of you here today is to make sure that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern. >> well, this is what's going on the last 24 hours. vice president joe biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit.
term it's more problematic than that. what you see is you have one side of congress that is completely dysfunctional. one side of congress, the house of representatives, is not functional. we're in the midst of a civil war on the republican side. when the speaker of the house puts out his bill and just moments later has to pull his bill back because his caucasus in full revolt, that says something. we're in the midst of a civil war that's going on and i think the american public will be much to the collateral damage to what's going on on the republican side. i think we're looking on this problem down the road until the republican speaker gets his act together, if he remains speaker, if he has an up-or-down vote without the majority of the majority. >> even if they manage to avoid the worst, the way this process has played out before us probably won't fill americans for a whole lot of hope for the next two years, will it? >> no, though in a sense you could argue if they did actually pass something in the next 48 hours, which seems a little more likely than it did a day ago, then can you
the pressure is on congress to produce. if they don't, what i've said is that in the senate we should go ahead and introduce legislation that would make sure middle class taxes stay where they are, and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. >> brianna keilar, she's at the white house. brianna, they're saying they're going to come back to work in a couple of hours. a lot of people have been up a lot longer than that, up earlier, trying to figure out what's going on here. i understand you do have some news. potentially there's a new offer on the table. >> reporter: that's right. according to democratic sources, suzanne, they have gone up to $450,000 as the threshold for those income tax rates for where those bush-era tax cuts would expire. so beyond $450,000 for a family. this is somewhat significant because initially the president's starting point, once everything fell apart in his negotiations with speaker boehner, was to go back to $250,000. ultimately, as he was trying to work out a deal with boehner
. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environment of things as this is a congress that the president wants to undertake other issues like immigratio
, congress recognizes you today with our nation's highest civilian honor. congratulations, palmer,. -- arnold palmer. [applause] >> ladies and gentlemen, the majority leader of the united states senate, the honorable harry reid. [applause] >> as an 18 or 19-year-old young man, i came to the realization i was not going to be the athlete of my dreams. i was not big enough, fast enough, or good enough. but i still have those dreams. i get up every morning, with all the things the we do here, unemployment, energy problems -- when i get up in the morning, i get "the new york times," and the first place i go is the sports page. for a few minutes every morning, i dream of the athlete that i wanted to be. [laughter] and as i have dreamed over the decades, i thought, wouldn't it be great to be able to meet a babe ruth or lou gehrig? or maybe a rocky marciano? joe frazier? but today, i have been able to meet two of the people i have dreamed about going down to that 18th hole. with a good put, i can win this thing. this is a personal privilege for me to be able to meet the great jack nicklaus and to be
house, we speak outgoing democratic congress member dennis kucinich about the so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction was overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days before a year in deadline to avoid the so-called fiscal cliff. some $600 billion in automatic spending c
. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> sounded believable. viq, let's start with you. we have news trickling out today. working, trying to make a deal. what's going on? >> it's washington, d.c. nothing is as it appears. we6 classic kabuki theater going on here, toree. the president, jovial, said they were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed
, we cannot take a vacation. i would like to know why congress cannot do that? . >> that is one of those big, recurring institutional questions. this deal really does not address the spending side. that is largely what caused the problem with republicans when they learned of the details of the measure. many did not learn about it until this morning exactly how it would be pieced together. that is the next debate. what democrats are saying as well as republicans who are on board with the plan, is that there is another debate to be had another day on long-term spending priority and that might be the date that happens. when you make a budget, there is a revenue side, inflows and outflows. they are dealing with a piece of it now and claiming they will deal with the rest of it another day. it is fair to say the track record is not too great. i wrote a story in september for roll call basically predicting this kicking the can around maneuver. >> are those the house bells going off that we heard? >> you are hearing the house bell's in the background. that probably means something is ab
congress they have to get to work. so as ed would say, let's get to work. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> we're in the home stretch for the fiscal cliff, but is there still hope? sheldon whitehouse and jan schakowsky will have the latest ton high-stakes meeting at the white house. and the sad shame of this year's do-nothing congress. the gun violence continues in chicago. tonight, the reverend jesse jackson on the city's grim milestone of 500 homicides in one year. and it's nearly 2013, but attitudes on race remain two centuries behind. >> the way i look at it, it's freedom of speech. >> the reverend marcia dyson, and the president of the national urban league on the bigotry of the supposed post-racial america. >>> with three days left before the start of the new year, it's put up or shut up time for congressional leaders. president obama addressed reporters from the white house this evening. roughly an hour after meeting with leaders of the house and senate. >> i still want to get
, congress members passed similar resolutions in both house and the senate to formally recognize the first 10 days of may as asian-pacific heritage week. one year later, president jimmy carter signed into law a joint resolution to officially designate the annual celebration. 11 years later, president george bush extended the weeklong celebration to an entire month. you know and i know that our mothers say that every day is asian pacific american day. i want to recognize all of the milestones the api has made in the state of california and in the entire country. the caucus has a record of 42 members in the asian caucus in congress. one of their very first things we want to say is it was a young man who was the first member -- we want to make note of that. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these thin
senate and there are a dysfunctional congress and no wonder our back is up against the wall at midnight and we get some kind of -- this terrible deal that's thrown in our laps. >> so what was it like to be in the room when republicans voted on that deal? joining me now from capitol hill is republican congressman tom cole of oklahoma, who broke with his party in late november by suggesting the gop should consider a deal with a tax hike. thanks so much for being on the show. >> thank you, luke. >> i got to hand it to you, congressman cole, a big head line in the "washington post" today, "why tom cole is right," cole and mcconnell seem to have grasped that the long-range strategy dictated a deal be done on the fiscal cliff with as little public airing of grievances as possible. do you think that for future fights your colleagues will follow your advice and how much damage has this done to the house gop brand? >> i don't think it's done a lot of damage. sometimes in politics like in war you find a holding action so the army can escape. i think that's what you saw. the army is off the beache
for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% since july. today's dive is the vix's steepest fall since august 2011. and the fiscal cliff tug-of-war september gold prices p by about 20 bucks an ounce, settling at $1675 for the year. gold prices rose 7% but, that is their smallest yearly gain in four years. >>> we can't avoid it, the top story. fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally present
a compromise. >>> and less dairy for your dollar. without action by congress by new year's day, milk prices could skyrocket. >> if we want to continue to eat, the bill needs to be passed. that's where we get our food, people. captioning funded by cbs >>> this is the "cbs morning news" for friday, december 28th, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope
? >> in talking to aides, they say they want to reassure members it will be his first priority in the new congress that begins tomorrow at noon. part of what has made this so painful and erupted with such surprise is that members of the house thought they would be voting on it before this congress ended and in part because you have seen how it can be difficult to get things done. after the senate worked to make it happen and part of the reaction you are seeing is what some call betrayal. a strong and personal word and that's what they are saying. feeling misled and they thaud they would be able to get this aid to the northeast, but so far it's not going to happen. part of this political distance takes place. $60.4 billion and new spending at a time when the big argument that is happening is about trying to reduce spending and the deficit. it's sort of looking at a ledger versus looking at the real world consequences that are happening in people's lives in the northeast. some officials point out that fema is currently funded. has money to disburse, but this package goes beyond fema and there hurt f
congress leave washington without taking care of these folks. >> john nichols, as always, thank you so very much, my friend. that's it for the ed show. >>> brother ezra, always good to see you, my friend. >> good to see you too, and happy friday. and thanks to you at home for sticking around for the next hour. rachel's got the night off, but we learned something huge today. we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and
that congress moves forward? does anybody wind up looking good in this scenario? >> no. no one looks good in this scenario. not perfect ez. not the extending. not the house, not the senate. not senate minority leader mitch mcconnell. you have people around the country today saying we send you to washington to solve the nation's problems, to do what we sent you to washington to do, which is to govern, and here we are with a countdown clock at the bottom, ten hours, 51 minutes, and 34 seconds to get something done that should have gotten done, could have gotten done months ago. a lot of people are scratching their heads wishing, hoping that, you know, at some point congress will get et cetera act together. we do have a new congress coming back in. we keep talking about the so-called fiscal cliff. there are consequences for inaction if that countdown clock gets to zero and there's no deal and no deal has been reached. >> jonathan, thank you. to your point, it's remarkable to me that what we're debating is exactly what we were debating six months ago. it's not as though something has happened
. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically s
thanked congress and asked that future negotiations not involve much trauma. --drama. >> they finally got it done. congress and the along from all over the fiscal cliff, with house republicans reluctantly passing the senate bill. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession. >> it appears the bill was headed for defeat. house republicans did not want to raise taxes without significant cuts in government spending. >> there are no spending cuts. we are adding $4 billion a day to the debt and we fell ilk -- feel like the senate bill failed miserably. >> they decided not to drag out the fight in the longer and risks taking the blame for massive tax hikes for nearly a met -- for nearly every american worker. >> what is the alternative? >> the bill shields those earning less than $400,000 a year from tax increases and extend unemployment benefits. it does not raise the so-called app ceiling. in two months, government will reach its limit on borrowing unless congress acts. i
for politics. less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me
to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >>
week. >> our american family is about to go over the dairy cliff . congress must have a farm bill by the end of the year. an old law would kick in to force the government to buy milk at another price. how painful will it get for us in the grocery store? >> it tells us how insane. the sound of the cows tell you what will hpen. this is based on marketing act. it is a consequence . we have a bureaucracy that is based on this . the federal government an act in 1942. the supreme court in which a guy growing gra on his own farm can feed himself and his own cattle was told b the supreme court he could not do this because it is it in violation . act it is it about milk and 1949 and the federal government is going to go and make a mark a make a fair market o this . we'll buy it at eight dollars a gallon. >> and it is johnathon. that milk your drinking is about to do you believedouble in price. >> forget the cookies. >> that's the problem and the farm bill is the problem. government should center zero role in milk agriculture production. it is it so long las that interventi is the probl and
a side of congress that is completely dysfunctional, one side of the congress, the house of representatives, is not functional. and i think we're in the middle of a civil war on the republican side. i mean, when the speaker of the house puts out his bill and just moments later has to pull the bill back because his caucus is in full revolt. that says something, we're in the middle of the civil war, and the american people are going to be the collateral damage on what is on the republican side. until the speaker gets his act together, if he remains speaker, if in fact he has an up or down vote without the majority of the majority. >> and ross, speaking of the public, even if they manage to avoid the worst here. the way this process has played out before us probably won't fill americans with a whole lot of hope for the next two years, will it? >> no, although in a sense, you can argue if they actually did pass something in the next 48 hours which seemed more likely than it did a day ago, if that happens you can argue well, the cliff worked as designed. because as people have
is more problematic because what you see right now is you have one side of congress that is completely dysfunctional. one side of your congress, the house of representatives, is not functional. and i think what we're seeing is we're in the midst of a civil war on the republican side. i mean, when the speaker of the house puts out his own bill and moments later has to pull his bill back because his caucus is in full revolt, that says something. i think we're in the midst of a civil war going on, and unfortunately, i think the american public is going to be much of the collateral damage to the civil war going on in the republican side. i think we're looking at this problem sort of on down the road until republicans and the speaker get their act together. if he remains speaker, if in fact he has an up or down vote without a majority of the majority. >> speaking of the american public, even if they manage to avoid the worse, the way this process has played out before us probably won't fill americans with a whole lot of hope for the next two years, will it? >> no, although in a sense, you c
in congress. i will sign a law that raises taxes on the wealthiest 2% of americans. >>> on wall street, stocks surge in reaction to the short-term deal, but house republicans have only just begun to fight. >> we also need to address the fundamental causes of our debts and deficits, and that's out of control spending. >> i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve, produced by a bunch of sleep-deprived dock gentlem ed e should adopt within 24 hours. >>> the president tries to draw a line in the sign on the debt battles still to come. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground garage at a new york hospital where his wife, hillary, is still being treated for that blood clot in her head. good day, happy new year, i'm andrea mitchell live in washington. president obama arrived in washing
. >>> with 58 minutes to spare, congress averted the fiscal cliff, but is this just an intermission with the big brawl still to come? it's wednesday, january 2nd, and this is "now." >>> i'm joy reid filling in for alex wagner. joining me today, michael steele. kurt anderson. ron, assistant managing editor of "time" magazine, and mr. sunday morning himself, editor of "the new york times magazine," hugo lindgren. >>> president obama is back in hawaii today after making permanent the bush tax cuts for 98% of americans. no word if the president will be signing it today with a pen in one hand and muay thai in the other. included in the bill. extension of unemployment benefits for a year and a two-month delay of the automatic spending cuts better known as the sequester. on deficit and debt, the deal is more of a punt, but just averting the cliff has sent the markets soaring with the dow already up over 200 points. while it's no grand bargain, the bill does not tackle spending, by the way, don't miss the significance of this vote. republicans by an overwhelming majority in the senate and minority in th
, republicans in congress said they'd never agree to raise tax rates on the wealthiest americans. we've now raised those rates permanently. making our tax code more progressive than it's been in decades. >> there are more fights ahead. there is a lot of work to do. a lot of fights still to have. but 2013 is off to a positive start. joining me now, congressman e manual cleaver democrat from missouri and chairman of the congressional black caucus who voted for the deal last night and former pennsylvania governor ed rendell, now an nbc news analyst. let me thank both of you for joining me tonight. >> thank you for having us here. >> mr. chairman, let me start with you. why was this bill the right deal for america at this time? >> there were a lot of good things in this deal. there was a lot of sweeteners for the american public. we were able to overt a large tax increase for a large percent of the american population. 2 million people will be able to get unemployment insurance. for those people who hate government, we were able to slice off a $900 a year increase in salaries for members of con
was abruptly pulled back by speaker boehner last night delaying the bill until the 113th congress which convenes tomorrow. gop leadership apparently determined the house shouldn't even try for $60.4 billion in new spending on a night it added $4 trillion to the deficit. and congressman king is not the only one outraged that politics took precedence over people. >> republicans in congress brought this house to a new low last night. >> we're all hit hard enough with the recession. on top of that now we have to deal with the anxiety and the failure of congress to act. >> talk to the people. look into their eyes. understand their needs. come walk with me, mr. speaker. >> this is time to stop debating and take the gloves off. jersey style. >> and speaking of jersey style, governor chris christie came out swinging this afternoon. >> shame on you. shame on congress. on a political chess board of internal palace intrigue politics, our people were played last night as a pawn. and that's why people hate washington, d.c. that's why they hate this politics. last night it was my party responsible. >
to the treasury. i don't know many member of congress to do that i forget you being a florida state grad. mostst of my friends are gators. >> sorry to hear about that. adam: all seriousness, congress right now, as you depart has a reputation that is at the bottom. i could use all kinds of negative adjectives to describe it. i don't need to tell you. how does congress get the respect it needs to gove back after this craziness which is still not played out, and who gets the blame for this? >> well, understand, that congress is made up of people who have won election in 435 districts. the 50 states with two senators. the american people can decide who they are sending to congress. so, these are duly elected people who represent districts and just because somebody in one distri vote as certain way that somebody in another district doesn't like --. adam: you lose nothing. you're done. you lose nothing by speing truth to the other 434 members. what would you say to them? >> well, i think that we have sho, historically, not just this year but every the decades that congress is not good except if there'
.vitac.com >>> tonight, congress told america it saved america from the fiscal cliff. but that doesn't add up. plus, chris christie goes ballistic on the hated congress and john boehner will show the outburst to you and police say two new yorkers have been arrested with the means and the know how for a terrorist attack. let's go "outfront." good evening, everyone. "outfront" tonight, america, or homer simpson. like homer, we blythely skated to the precipice of the fiscal cliff with a deal that made almost everyone happy. low tax rate, extended benefits. sure sounds heavenly. but look what happens next. >> are we going make it? this is the greatest thrill of my life. i -- >> yeah, that's how it ends. that feeling of weightless euphoria, believes there was no way he would ever crash, there would be a last minute save. that was america today. the dow surged 380 points. congress patted itself on the back. why wouldn't they? that was a big reward. the problem is, the truth. congress sent america to the bottom because like homer, we're lying battered and bruised at the bottom. why? instead of cutting spe
of democrats and republicans and the congress, i will sign a law that raises taxes on the wealthiest 2% of americans of preventing a middle-class tax hike that could send the economy back into recession as we had a severe impact -- and that would of had a severe impact on families across america. i want to thank all litters of the house and senate. in particular, the work done by by extraordinary vice-president, joe biden, as well as leader harry reid, speaker boehner, nancy pelosi, and mitch mcconnell. everybody worked very hard on this. i appreciated. -- appreicate it. under this law, more than 98% of americans and 97% of small businesses will not to their income taxes go up. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits with the research they do, the investments they make, and the clean energy jobs they create. to million americans are out -- who are out of work but are out there looking pounding the pavement every day, will continue to receive unemployment benefits, as long
>> mason: tonight, superstorm christie. >> shame on you. shame on congress. >> mason: northeast republicans blast their own party from speaker boehner on down for failing to pass a sandy relief package. elaine quijano is covering. over the cliff and back. nancy cordes and wyatt andrews on the new year's night budget deal and how a tax break for racetracks got in it. obesity is a health risk. but researchers now say being a little overweight could reduce your risk of dying. dr. jon lapook with a surprising new report. and she was one of the most popular sickers ever. remembering patti page. ♪ i was dancing with my darling to the tennessee waltz ♪ captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley>> mason: good evening, scott's off tonight. the sigh of relief that came when the house passed the fiscal cliff deal was soon drowned out by a roar of anger. governors chris christie of new jersey and andrew cuomo of new york along with senators and house members from those states blasted house speaker john boehner today for putting off a vote on
, congress swerves away from the dreaded fiscal cliff, but on this morning after the enthusiasm is tepid at best and the anger is simmering. first your bottom line. no tax rate increase for more than 98% of americans, that is couples earning less than $450,000 a year. the middle class also gets relief from the alternative minimum tax. it will now be adjusted for inflation. and remember those massive spending cuts that could have plunged the country back into recession? yeah, well they're merely on hold for a couple of months. so lawmakers face even tougher decisions and dwindling patience from the public, and that includes some powerful voices in washington. check out this tweet from a leader of the tea party express, amy kremer says "i'm extremely disgusted with what happened in the house tonight. there will be consequences." we're covering all the angles and alison kosik shows us how investors are reacting to the crisis that has been avoided at least for now and christine romans gets out the magnifying glass and exposes some of the pet projects that are getting huge amounts of your tax
heard today going into the first trading day of the year, congress has the deal done, whether it is the right deal or not it doesn't matter. it was closed and locked up and now we still have a number of head wins do deal with, clearly anemic growth and the debt cut and debt spending cut issue and debt ceiling issue and a number of things that will drive this market lower but the immediate need right now is to go long only because the deal is wrapped up. >>neil: we know from history that in 2008 with the first failed situation with the market falling quickly and they got back to vote on tarp two in washington and that is passed and a few months later we are down a few thousand more points for the dow and i guess what i am saying, the response can backfire playing with the markets. >>guest: the bad news is there. this is forthcoming next few weeks. think of the holiday retail sales. we heard a lot about shoppers, american shoppers who are not spending like they normally do because of the feeling they were not confident or sure about the fiscal cliff and what would happen with th
. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from reporters in the halls of the capital. the political wire says democratic leaders say they will not take up a bill if it is amended by house republicans. "we are done. " a retweet from joe biden says "i think we are going to be fine." a number of different views and issues depending on which party is talking about the fiscal clef. we are going to, of course, keep you updated on the c-span network. in the meantime, take a look back at what senator dick durbin had to say earlier today from the senate floor. >> it was after 2:00 a.m. this morning when the senate finally passed this historic measure, which puts the fiscal cliff behind us, if the house of representatives passes it as well. i hope they take it up today and pass it with th
economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we we're hopeful that congress can get it done, but it's not done. >> so it's not done. in case you missed that, he said it twice, not done. reports of an emerging deal focus on a few key parameters, raising tax rates on couple it's making more than $450,000 a year, increasing the estate tax rate, and extending unemployment benefits for one year. the major sticking point new appears
. coast chambers of congress are in -- both chambers of congress are in. the senate is in at 1:00 eastern time. votes are scheduled at 2:00 p.m. eastern. majority leader harry reid and minority leader mcconnell had set a deadline of 3:00 p.m. when they're planning to convene a caucus meetings and update members of the parties on a possible plan for taxes and spending on the new year. will bring you live coverage of the senate on c-span2 started at 1:00 eastern. in the house, the return of 2:00 p.m. you'll be considering a number of pieces of legislation. what the live coverage of the house here and c-span. next, retiring senator kent conrad reflects on his career in congress to. it is currently senate budget committee chairman and was first elected to the senate in 1986. this is about half an hour. >> senator conrad, your farewell speech was yesterday. what is that like? >> it has been great. i had the going away party the night before. a lot of my colleagues were there. then the farewell speech, in which i had a chance to reflect on my service here. but also, to challenge my colleagues t
of representatives, i talked to a republican congress hand with ties to the leadership early today, and he told me that our guys will go ballistic if we do not get spending cuts. >> is there anything other than sequestration that could appease the republicans? any other spending cuts? anything on the table? or just too little too late? >> that is hard. remember, we only go over half of the cliff at midnight tonight. that makes it almost hard to avoid by the parliament, the tax cut portion. but if sequester, the budget control act from august of 2011, that has to be order by the president and it does not kick in, until january 2nd. the idea they could ram something through the senate tonight and move to the house of representatives, house republican sources say there is no way they would do this tonight. if they did, they would have to do it in the light of day and they want to check with their members and talk to them about this. they don't know where the members would stand. >> everyone has to be reminded the sequestration was put in effect as a punitive measure to motivate lawmakers to get somet
in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they are for 9
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